The Big 5 construction show will not be held this year – instead a new set of dates from September 12 to 15, 2021 has been set. This was confirmed by dmg events, the organizer, while the venue remains …
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Wireless Health Market Size 2020 Latest Trends, Industry Share and Top Manufacturers, New Growth Opportunities with Top Performing Regions till 2026
Final Report will add the analysis of the impact of COVID-19 on this industry” Global “Wireless Health Market”report represents an evaluation of theoverall market sizefrom 2020-2026. The research …
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AgriTech Sector Development Team discusses post-Covid-19 plans to advance agricultural technology in the UAE
Dubai: The UAE’s food production landscape post Covid-19 was the topic on the table during the second meeting of the AgriTech Sector Development Team, a newly established team comprising public sector …
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Dubai Customs cancels fines for late Customs Representative Card renewal, cancellation
The decree exempts businesses from late fines related to any government service in Dubai as part of government efforts to boost the national economy, …
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Network International enables UAE businesses transition to ecommerce
Businesses across the UAE are looking to enable their services online, reports Network International, the leading enabler of digital commerce across the Middle East & Africa (MEA). In response to …
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Emirate of Sharjah hires banks for sukuk that could go up to $1 billion
DUBAI, June 1 (Reuters) – Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of seven-year U.S. dollar denominated sukuk, or I …
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Sharjah hires banks for sukuk that could go up to $1bln
DUBAI – Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of seven-year U.S. dollar denominated sukuk, or Islamic bonds, a document showed. HSBC …
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UAE says Israel should back off threat to annex West Bank
A senior United Arab Emirates official said on Monday that any unilateral move by Israel to annex parts of the occupied West Bank would be a serious setback for the Middle East peace process.
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Saudi Central Bank Provides $13.3 Billion to Support Bank Liquidity
The Saudi central bank said it provided 50 billion riyals ($13.3 billion) to support liquidity in the banking sector, according to a statement on twitter on Monday.
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Dubai faces 5.5% recession this year as $10 bln debt repayments loom, BofA says
Dubai could see a recession of around 5.5% in 2020 as it faces about $10 billion in debt maturities this year while revenues are expected to drop in line with the pattern of the 2009 crisis, Bank of …
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CORRECTED-Saudi central bank provides $13.3 bln to support banking sector liquidity
The Saudi central bank said it provided 50 billion riyals ($13.32 billion) to support the banking sector liquidity, according to a statement on twitter on Monday. ($1 = 3.7545 riyals) (Reporting by …
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PDO’s new solar plant starts producing power in Oman
Petroleum Development Oman, in which Royal Dutch Shell and Total hold minority stakes, has begun receiving power from the Gulf Arab country’s largest photovoltaic solar plant. The 100-megawatt Amin …
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UAE entering ‘new phase’ in Covid-19 fight, says Sheikh Mohammed
A separate team was formed to bolster SMEs and develop technology that will help businesses, including remote meetings and e-signatures. In May, Sheikh Mohammed also said that the structure of the UAE …
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UAE’s financial markets need more depth
The lack of depth and coverage of regional debt and equity markets is well known and documented. We have puny equity capital markets … and even those cater only to the larger companies. They are …
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Life insurance top priority for UAE residents after Covid-19
Life insurance is the top financial priority for almost 50 per cent of people living in the UAE in the wake of the pandemic outbreak, a study has revealed. The study’s findings have added relevance in …
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Dubai faces 5.5% recession this year as $10 billion debt repayments loom, BofA says
Dubai could see a recession of around 5.5% in 2020 as it faces about $10 billion (8.1 billion pounds) in debt maturities this year while revenues are expected to drop in line with the pattern of the …
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UAE Emirate of Sharjah Hires Banks for $1 Billion Sukuk Sale
The tiny emirate of Sharjah hired banks to raise as much as $1 billion from international debt markets, joining wealthier Gulf states to shore up its finances against the fallout of the coronavirus …
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